Call To Order at 8:37 pm 

Members Present

Betty Terry-Lundy; Jean Shamo; David Nicosia  (via speaker phone); George Pauley (via speaker phone)

Members Absent

Michael Parrie

Management

Timothy Patricio, Property Manager; Amir Cobalovic, Assistant Property Manager

Committee Reports

Decs & Bylaws Ad-hoc Committee liaison Jean Shamo indicated the Commission would be meeting Tuesday the 26th. Also she was advised of several resignations for the Board to accept, and it was indicated that would be added as an action item.

Health Club Committee Chair Ken Anderson reported the Committee met as scheduled on January 19th. He said Assistant Manager Marlon Dacres reviewed the anticipated schedule for the Health Club improvements, which are anticipated to begin on March 1st and end in May, assuming the Board approves the budget at tonight’s meeting.

Board Report

Board Secretary Betty Terry-Lundy advised the audience there will be a Town Hall on Thursday January 28th at 6:30PM in the Party Room to discuss the upcoming riser replacement project for the ’06 guest bathrooms and ’07 kitchens, from the 3rd to 29th floor. Also, she reminded owners the next Unit Owner Forum is Tuesday February 2nd at 7PM in the Party Room.

Action Items – New Business

Closed Session Business

After a motion by Jean Shamo, seconded by George Pauley, the Board voted unanimously in favor of a resolution to fine 12 owners $100 for not providing adequate proof of insurance, to double each month until such time as evidence of coverage is provided.

After a motion by Jean Shamo, seconded by George Pauley, the Board voted unanimously in favor of a resolution to fine the unit owner in case #mgmt.12.13.15.1, $50 for causing excessive noise.

Minutes – Unit Owner Meeting January 11, 2016

After a motion by Jean Shamo, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of a resolution approving the minutes from the Unit Owner Meeting to discuss the proposed 2016/2017 budget held on Monday January 11, 2016.

Minutes – Board Meeting January 11, 2016

After a motion by Jean Shamo, seconded by George Pauley, the Board of Directors voted unanimously in favor of a resolution approving the minutes from the Board Meeting held on Monday January 11, 2016.

Adoption of 2016/2017 Budget

After a motion by Jean Shamo, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of a resolution to adopt the 2016/2017 budget as proposed, including an assessment increase of 3.5%.

Ad-Hoc Committee To Review Declaration & Bylaws Membership

After a motion by Jean Shamo, seconded by George Pauley, the Board of Directors voted unanimously in favor of a resolution to accept the resignations of Unit Owners Mary Toosi, Jeff Sirkin and Sandra Goldberg from the Ad-Hoc Committee reviewing the Declaration & Bylaws.

Adjournment

There being no further business, after a motion by Jean Shamo, seconded by Dave Nicosia, the Board of Directors voted unanimously in favor of a resolution to adjourn the January 25, 2016 Board Meeting at 7:46PM.

Signed (as seen on pdf, clickable at upper right corner of these minutes)

George Pauley, President

Betty Terry-Lundy, Secretary